ARK Investment Management LLC Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ARK Investment Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 217,333 shares of the semiconductor company’s stock after selling 4,920 shares during the period. ARK Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $42,921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Todd Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 13.4% during the 4th quarter. Todd Asset Management LLC now owns 199,527 shares of the semiconductor company’s stock worth $39,405,000 after purchasing an additional 23,534 shares during the last quarter. Avalon Capital Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 37.1% during the 4th quarter. Avalon Capital Management now owns 3,224 shares of the semiconductor company’s stock worth $637,000 after purchasing an additional 873 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 4,210.5% during the 4th quarter. TruNorth Capital Management LLC now owns 819 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 800 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $5,530,000. Finally, Synergy Financial Group LTD purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

Taiwan Semiconductor Manufacturing stock opened at $189.36 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The firm has a market capitalization of $982.12 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 0.66 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $205.36 and a 200 day simple moving average of $191.41.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.